Electronic Resource
Springer
Review of industrial organization
8 (1993), S. 203-209
ISSN:
1573-7160
Keywords:
Relevancy of guidelines
;
competitive price level
;
long-term market structure
;
efficiency trade off
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract Merger guidelines mean to reduce the uncertainty related to the possible anti-competitive impact of mergers/takeovers by businesses undertaking them. It is doubtful, according to the author, whether the Revised Merger Guidelines of two US Antitrust Authorities achieve that goal. They would seem to be too ‘theoretical’ in the face of inevitably unique merger events; moreover, the theory in the Guidelines has some important weaknesses and limitations. From an EC competition policy point of view, an efficiency trade-off for a dominant-firm merger is considered dubious procedure.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01034178
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